As with other digital coins at launch, the PI cryptocurrency value is likely to start at a relatively low level against the US dollar and rise as usage grows. What do some of the price forecasters suggest?Both cryptocurrency data provider Coin Market Cap and algorithm-based forecasting site Wallet Investor list a current value of $0.007077 for Pi coin.
In March this year, Wallet Investor had a Pi cryptocurrency prediction of $0.0132, with a downside at $0.00743. However, according to the website, it is no longer updating its forecast.
On 24 January, Digital Coin’s Pi Network price prediction calculated that the coin’s price could rise from an average of 0.01 against the US dollar in 2022 and $0.015 by 2025. Over the longer-term, it predicted the PI price could average $0.024 by 2028.
Depending on the number of cryptocurrency users and exchanges that adopt PI, the bull case could see the coin’s price launch at $0.16 and reach $1 a year later, according to crypto exchange Changelly. Over the longer-term, the price could rise to $5 in five years’ time.It’s important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what a coin’s price will be in a few hours, and even harder to give long-term estimates. As such, analysts can and do get their predictions wrong.
We recommend that you always do your own research, and consider the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. And never invest more than you can afford to lose.
When will Pi coins enter the market?
The PI cryptocurrency is planned to launch during the Pi Network’s third development phase. A date has not been set. Timing will depend on the progress of the testing phase and the subsequent listing on cryptocurrency exchanges. As many are predicting Pi Coin can launch in Mid 2022.
Is the Pi coin safe?
Cryptocurrencies are highly volatile assets, and there is uncertainty surrounding the Pi Network in particular as it has yet to launch. The project’s developers claim that the network is secure, while critics claim that it could be a pyramid scheme.
Is the Pi coin a good investment?
At this time, investors are unable to trade Pi coins. If you expect the project to successfully launch an accessible cryptocurrency that does not price out everyday users, you could get involved in mining the coin. Alternatively, you could wait to buy it on an online exchange.
Remember to always do your own research. And never invest money you cannot afford to lose.
Will the Pi price increase in future?
The direction of the Pi price will depend on its popularity among cryptocurrency investors. There is potential for the price to rise after it launches if the broader cryptocurrency market continues to rally. And new projects tend to attract investor interest. However, with the coin yet to launch, it’s impossible to accurately predict its future.
Can the Pi coin reach $1 in 2022?
Given the number of users who have signed up to mine the coin, forecasters like Changelly predict that the PI price could rise to $1 after it starts trading on cryptocurrency exchanges. But the coin has not been launched. It’s impossible to predict its future with any degree of accuracy.
Whether you believe predictions is a decision only you can make. As always, you should do your own research. And never invest more than you can afford to lose.
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